IndusInd Bank is trying to move to its pre Covid-level Price. The Mishap that happened last year shocked the investors due to which a there was a 34% decline in stock from it good bull run.
The stock is gaining momentum and is pushing itself to its Intrinsic Value . We can expect the stock to move to a good 1300 - 1400 Level given that the it dosen't get affected much due to the outside news , war etc.
There is a Gap between 1186 and 1130 which can help us set our targets. Even though the Gap is a breakaway gap , IndusInd still has a hold in the blue chip area and in the index as well.
According to me,
First Target - 1050 - 1080
Second Target - 1130
Third target - 1280
Fourth Target - 1380
Stop Loss - 800
Invest Wisely. Abide the stoploss as well.
Happy Investing
The stock is gaining momentum and is pushing itself to its Intrinsic Value . We can expect the stock to move to a good 1300 - 1400 Level given that the it dosen't get affected much due to the outside news , war etc.
There is a Gap between 1186 and 1130 which can help us set our targets. Even though the Gap is a breakaway gap , IndusInd still has a hold in the blue chip area and in the index as well.
According to me,
First Target - 1050 - 1080
Second Target - 1130
Third target - 1280
Fourth Target - 1380
Stop Loss - 800
Invest Wisely. Abide the stoploss as well.
Happy Investing
Trade closed: stop reached